Fiscal Measures | Fiscal Year 2016/2017 cont’d
May 26, 2016
ITEM
NO.
DESCRIPTION
EXISTING
RATE
PROPOSED
RATE
ENABLING
LEGISLATION
AGENCY
RESPONSIBLE
COMMENTS
This
amendment
seeks to
align the
duty rate of
other leather
goods with
the duty rate
of “tourist”
leather goods.
Reduce the duty of other leather
goods.
45%
free
Tariff Act
Customs
Department
8
Remove the duty on life jackets.
45%
free
Tariff Act
Customs
Department
9
Reduce the duty on used clothing.
25%
20%
Tariff Act
Customs
Department
New clot hing
attracts a duty
rate of 20%
10
Reduce the duty rate on biodegradable
laundry plastic bags.
45%
5%
Tariff Act
Customs
Department
All other
biodegradable
plastic bags
attract a duty
rate of 5%
11
Reduce the duty on Tariff Heading
8517.0000 (Computers peripherals,
Routers etc.).
45%
10%
Tariff Act
Customs
Department
Annex D
7
[383]
2016/2017
DRAFT
ESTIMATES
OF REVENUE &
EXPENDITURE
12
Reduce the duty on items of Chapter
61 and 62 ( hosiery, socks etc.).
25% - 45%
20%
Tariff Act
Customs
Department
13
Adjust the process for the granting of
concessions for light manufacturing.
Items not on the
approved list can
qualify for a 10%
duty rate
Items not on the
list can be granted
full duty exemption
once approved by the
Minister
Tariff Act
Customs
Department
14
Amend the Tariff Act to remove the
provisions that grant concessions to
the Public Hospitals Authority and the
National Insurance Board under Tariff
code 9816.00.
Tariff Act
Customs
Department
This is a clean
up exercise.
15
Adjust the duty rate on boat propellers.
The duty rate
on boats is
10%
16
Allow churches to import air
conditions duty free.
17
Require that non profit entities and
charities must be designated as a non
profit by the Registrar General or the
Attorney General before they can
qualify for duty free concessions.
45%
10%
Tariff Act
Customs
Department
Duty Paid
No duty paid
Tariff Act
Customs
Department
No proof of
non profit status
required
Proof of non profit
status required
Tariff Act
Customs
Department